Berlin, April 14, 2026 — The World Steel Association (worldsteel) revised its 2026 global steel demand growth forecast down to 0.3% (1,724 Mt) from 1.3% in October 2025, citing Middle East conflicts, high energy costs, and slow manufacturing activity. It projects 2.2% growth in 2027 (1,762 Mt) as recovery strengthens. China’s demand decline is easing, while India remains the fastest-growing market (~9% growth). The EU and US are expected to see modest growth in 2027, supported by infrastructure spending.